What is McGraw Hill's k-12 — total contract liabilities?

McGraw Hill (MH) reported k-12 — total contract liabilities of $1.25B in Q1 2026.

How has McGraw Hill's k-12 — total contract liabilities changed year-over-year?

McGraw Hill's k-12 — total contract liabilities decreased by 2.4% year-over-year, from $1.28B to $1.25B.

What does k-12 — total contract liabilities mean?

This represents the obligation to provide educational content or services to customers for which payment has been received in advance of performance. It acts as a key indicator of deferred revenue and provides visibility into future service delivery requirements within the K-12 segment.

McGraw Hill (MH) K-12 — Total Contract Liabilities

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Other segment segments

Higher Education

$322M+8.3%

Global Professional

$65.98M+5.8%

International

$33.06M-1.0%

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Other financials

Income statement

See full

Revenue$463.7M-2.0%

Gross profit$388.9M-1.5%

Operating income--100%

Net income-$20.2M+61.8%

EPS (diluted)-$0.11+65.6%

Balance sheet

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Cash & equivalents$253.5M-35.0%

Total debt$2.7B-18.6%

Total equity$726.2M+159%

Total assets$5.5B-4.7%

Cash flow

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Operating cash flow$309.0M+12.3%

CapEx$23.8M-16.2%

Free cash flow$285.4M+9.2%

Valuation

See full

Market cap$2.21B-10.7%

Enterprise value$4.61B—

P/S1.1×—

Profitability

See full

Gross margin80.9%+1.0pp

Operating margin13.5%-1.1pp

Net margin-3.4%-4.4pp

FCF margin32.3%—

Returns & leverage

See full

Return on equity-11.8%—

Debt / equity3.7×-8.0×

Current ratio0.8×0.0×

Where this comes from

Reported directly by McGraw Hill in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The source filing: McGraw Hill’s 10-K, filed June 11, 2026.

Filed: Jun 11, 2026, 7:16 AM EDT
Fiscal year: FY2026
Accession: 0001951070-26-000022

Line item	March 31, 2026	March 31, 2025
Total Contract Liabilities by Segment:
K-12	$1,249,373	$1,279,585
Higher Education	321,999	297,316
Global Professional	65,977	62,348
International	33,064	33,407
Other (1)	945	3,531
Total Contract Liabilities	$1,671,358	$1,676,187

Item 8. Financial Statements and Supplementary Data

FAQ

What is McGraw Hill's k-12 — total contract liabilities?: McGraw Hill (MH) reported k-12 — total contract liabilities of $1.25B in Q1 2026.
How has McGraw Hill's k-12 — total contract liabilities changed year-over-year?: McGraw Hill's k-12 — total contract liabilities decreased by 2.4% year-over-year, from $1.28B to $1.25B.
What does k-12 — total contract liabilities mean?: This represents the obligation to provide educational content or services to customers for which payment has been received in advance of performance. It acts as a key indicator of deferred revenue and provides visibility into future service delivery requirements within the K-12 segment.